Spécifications
I'm looking for a bollinger ea.
The trade initiator will be made two candles back (Shift = 2) from current for both buy and sell signals.
Sell signal: Shift 2 = close to the top of bb top band. Closes outside the top bband. In other words a "bull" candle closes outside the top band.
Shift 1 = close lower than shift 2. This candle has turned down "Bearish" and has closed lower than the previous candle.
Both parameters must be met before a trade is initiated.
Opposite for a "buy" signal.
User take profit and stop loss options
I would like to have the ability to turn off or on the following: Trailing trade close / open
example: If user wants a take profit at 20
The trade meets this criteria
Trade closes and automatically reopens another trade with the previous inputs set automatically to half of the original user inputs. (This is not a trailing stop, some systems do not allow TS's this will take max profits, alleviate TS settings, and take max profit for a trend break).
So, as an example user defines settings as tp: 20 and sl: 20
if: candle closes above top bb and
next candle closes below last candle then
Open trade (sell) else <return>
Trade meets user inputs tp=20
trade closes
another trade entered @ 1/2 user inputs
tp=10 sl=10 if stop hit then <return> else
if tp=10 then close trade and open another trade at tp=10 and sl=10
loop until stop loss is hit. <return>
It would be nice to have the Trailing trade close / open function optional for the user.
That's about it. There might be some additional features later.
Thanks!